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Showing content with the highest reputation on 11/02/2019 in all areas

  1. 3 points
    Friday 11/01/2019 I had a well-being score of 7/10 this morning. Due to my wife having car troubles I was unable to trade yesterday. Today was the last day of my trading month (I always end the month on a Friday). I took 2 live trades this morning with BABA. My watchlist today was: AAPL, BABA, MU, AMD, ANET and PINS. I didn’t take PINS that seriously because I did not have shares to short. My game plan was brief, no trading before 1min except for BABA. BABA had a good quarter, popped in premarket than dropped and slowly moved back to the positive all in PM. Thus, the daily showed a nice hammer for the day. I had a strong bias that the price will pop at the open and if I could get in when it broke the 179.30 tech level I would go long. 15 seconds before the open I saw a L2 signal and went long. This was a bit too aggressive and not well disciplined. The 180.41 daily level was my target with 178.70 as my stop. Though in normal trading that stop would have been OK but for premarket that was a bit tight and should have at least went half shares. But I went full shares I was so confident. But, looking back that was too reckless. I placed a limit order to sell half my shares just below the 179.80 level which was both a daily and PM level and is at ~1.5R. Luckily the price did pop at the open and my order was filled. Then the price dropped really fast and I should have exited the trade, but thought to set an order at B/E. Wow so much for the stop order, the price flew through my B/E with such a big slide I gave almost all of my profit back in the bad fill. Then the trade looked like a short with this high volume reverse hammer and two very large sells at the bid. I hope that was the reason and not revenge for the bad exit, but I flipped the position and went short. It was a tight stop at 179.02 daily with a target of 177.94. I did place a limit order at the 1.5R to help me be more patient, but the bad exit on the previous trade had me a little jittery. So I sold 50% at 1R. But after that I partialled better, with 25% at 2R (VWAP) and 1/8 shares at 4R (200MA-5min). Then sold the last 1/8 at a new 1min high. I also took a trade with AAPL in SIM for +1R. Score cards (live trades). BABA BABA 81% 87% What I did good today: I can say that both my trade ideas were correct. What I am grateful from today? I am grateful for ending the month on a +2R day. I know I didn’t execute well today, so the profit helps take the sting away. What do I need to improve on: Too aggressive on the first trade on the entry and not aggressive enough on the exit. Essentially, I need a lot of work on trade management. But, at least I feel like I am making progress this month.
  2. 2 points
    01.Nov.19 Green day. +2r. Its a local holiday so keeping it light today. Also, after a bad day, the next day is usually worse for me. So didn't sit thru all the trading sessions. Trade 1: $PINS. 30min after the open, noted $PINS forming higher low. Missed the entry a bit. But caught it after the bounce off VWAP. Got out at 200MA 1min. $PINS traded strong thruout the day. Trade2: $X was strong at the open, at HOD and consolidated at $13.4, Breakout trade failed. Trade 3: $NWL AON trade for 2R. Gapped up on daily and very strong today. Potential for lot of pullbacks and some fakeouts. Good: Liked my trade on $NWL & $PINS. Didn't overtrade today. Overall Good trading day.
  3. 2 points
    October 31 - $AMD by accident I had a rough morning, with my watchlist of $KHC, $WDC. Both stocks had great moves, but never really gave me my setup. I was frustrated more than usual I think because I just had the feeling that $KHC would take off right after it rejected the VWAP at the 4 minute mark and near the same time I was watching $WDC, and saying give me a pullback just a little to get a better risk to reward right near the close of the 5 minute candle. I didn’t take either trade and just ended up watching them move nicely in the direction I thought they would go. After about the first half an hour I knew my head was not in it so I started looking for my sim strategy. I got a good entry on $MU to the long side and had to set a range order because I had to go to work. In the afternoon, I came back and took a sim trade on $MSFT and got stopped out and shortly afterwards saw a decent setup on $AMD, so I took it short. As soon as I pressed the hotkey button, I knew I took the trade live instead of sim. Amazingly, I went dang, oh well let’s see if it works and I had zero emotion to actually getting into the trade as it was a decent setup. I got a partial at 1R, and a quick second partial at 1R as I didn’t delete the limit order and got out at 2R near a support level. If it was not trading around the $34 level, I probably would have let some more ride to VWAP, but I know how strong the $34 level can be. It did eventually hit VWAP right before the close. Overall a day of mixed emotions. Ended the month on a positive note. Sample Set Results, S P G E E P P P P G G P P P G 16 17 18 19 20
  4. 1 point
  5. 1 point
    1/11/19 decent day today except slippage on my first trade put me 3 Rs down but oh well. Trade 1: tried a rising devil but stopped out and the price jumped a mile. Trade 2: ABCD on aapl but the consolidation was so long and after it made a new high and came straight down i got out near b/e Trade 3: kinda ABCD/pendant break out, i had my limit for 2 Rs set and it hit it but didnt get filled then stopped me out so that was a bit annoying but still a good trade. Trade 4: tried to get in on a pullback short on PINS but stopped out, then loads of big asks came in so i took it long when it didnt make a lower low and got a really big move on it. great trade.
  6. 1 point
    November 1st is my 1 year anniversary. I plan on doing the same analysis and seeing where I am at. Great job fighting through the learning curve and sticking with it.
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